Boston, MA 12\/19\/2013 (wallstreetpr) –\u00a0Yahoo! Inc. (NASDAQ:YHOO) announced last month that it would keep its agreement with Israel-based digital company Babylon Ltd even as\u00a0Google Inc (NASDAQ:GOOG) announced that it was ending its relationship with the company.<\/p>\n
The reason\u00a0Yahoo! Inc. (NASDAQ:YHOO) will continue its association with Babylon is because the company which offers translation and dictionary solutions took proactive steps to correct the flaws in its system. The flaws in Babylon\u2019s system affected thousands of YHOO and Google users, leading to numerous complaints by Web users on the two leading online platforms.<\/p>\n
Due to the proactive response and speedy resolution of Babylon, YHOO stated that it was not considering suspension or cancelation of its agreement with the Israel\u2013based company.<\/p>\n
On its part, Babylon is promising to introduce additional monitoring systems so as to prevent the occurrence of similar flaws in the future. These cautionary steps will also include transparent dealings with YHOO in the future.<\/p>\n
The collaboration with\u00a0Yahoo! Inc. (NASDAQ:YHOO) contributes about a third of revenue collection by Babylon.<\/p>\n
The challenge in Babylon\u2019s system cast doubts about its ability to offer positive user experience. This is what led to Google canceling its deal with the company, but promised to review its decision next year. Up until the suspension of Google-Babylon deal, Google contributed 43 percent of the latter\u2019s revenue in the second quarter. This compares to a third of the revenue which\u00a0Yahoo! Inc. (NASDAQ:YHOO) contributes to the Israeli software company.<\/p>\n
It thus goes without saying that termination of the deal with Google would heavily impact the company\u2019s revenue and profits.<\/p>\n
About Babylon<\/b><\/p>\n
Babylon is an Israeli software company that provides translation and dictionary solutions. The company\u2019s services are targeted at corporate originations and private users. It partners with Internet companies to offer its services to clients<\/p>\n
Yahoo advantage<\/b><\/p>\n
With the exit of Google, Yahoo! Inc. (NASDAQ:YHOO) now remains one of Babylon\u2019s most significant platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 12\/19\/2013 (wallstreetpr) –\u00a0Yahoo! Inc. (NASDAQ:YHOO) announced last month that it would keep its agreement with Israel-based digital company Babylon Ltd even as\u00a0Google Inc […]<\/p>\n","protected":false},"author":10,"featured_media":13060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[73,2108,1614,712,709,1816,3322,72],"stock_ticker":[],"class_list":["post-13059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-goog","tag-google-inc","tag-google-inc-nasdaqgoog","tag-nasdaqgoog","tag-nasdaqyhoo","tag-yahoo-inc-nasdaqyhoo","tag-yahoo-inc","tag-yhoo","entry"],"acf":[],"yoast_head":"\n